Bittorrent Token price prediction 2022, 2023, 2025 – a closer look at the fundamentals
2021 has been quite a ride for the crypto world. The price charts look nothing short of a roller coaster: tokens exploding in popularity and hitting an all-time high followed by sudden dips, only to see another all-time high in a matter of months – and yet another correction.
Not all cryptos, however, have followed the same pattern. Bittorrent Token price history in the first half of 2021 looked like another up-and-coming crypto project, going from USD 0.00037 to USD 0.01 in a couple of months. It has not, however, been able to replicate its success after the correction, leaving traders to wonder about the future Bittorrent Token value. Let’s take a closer look at the fundamentals that shape the Bittorent Token price prediction 2022 and beyond.
Ups and downs: it’s been a wild year for Bittorrent Token
What is Bittorrent Token, anyway?
It can be pretty to keep track of all the new tokens vying for your attention, but Bittorrent Token (BTT) has one trick up its sleeve.
You may have heard the “Bittorrent” part before – and indeed, it does refer to the extremely popular file sharing protocol. Moreover, BTT indeed is an integral part of the Bittorrent protocol – or at least aims to be. In any case, any truly long term price estimate, such as 2030 and beyond, must also look at its connection to Bittorrent.
Of course, Bittorrent has been around since 2001 – and it has managed to do just fine without BTT. What’s changed, then?
As popular as it may be, Bittorrent protocol does have one major weakness. Like any P2P network, it depends on its users to share the files – yet there’s no incentive to do so. Users can stop sharing as soon as they download a file.
BTT aims to change that. The token can be used to incentivize sharers – downloaders can send them BTT to get higher download speeds. The idea is that this would promote a healthier network.
More than just a file sharing token
Great, you may say, but is file sharing really that relevant in the era of cloud storage? If BTT is just a file sharing token, what does this mean for Bittorrent Token price in 2040 – would file sharing even be around?
First, we’re not just talking about any old file sharing protocol. Gone are the days when file sharing was synonymous with piracy and neverending legal action. In 20 years, Bittorrent has grown to be a mature and established protocol with thousands of legitimate uses. Bittorrent has clearly stood the test of time, and this should be kept in mind when considering future Bittorrent Token value.
Second, file sharing may still reinvent itself in the era of cloud computing: it can become a sort of decentralized cloud. And, indeed, this is another thing Bittorrent is working on.
Third – and probably most importantly – it’s not just a file sharing token. BTT is backed by some of the biggest names in crypto, and they’re working on some pretty impressive technical innovations – which is probably not a surprise, given Bittorrent’s strong technical background.
For starters, Bittorrent is owned by none other than TRON. Yes, that TRON – the one that develops and maintains the popular TRON token. At the very least, this means that BTT has some pretty experienced developers behind it.
Moreover, note that TRON’s stated aim is nothing less than “decentralizing the web”, which also means decentralizing content distribution. It’s not hard to see how this could lead to some synergies with the most popular decentralized file sharing network on the planet.
And, indeed, that’s exactly what they’re doing – in early 2022, Bittorrent is launching several ambitious projects. One of these is the Bittorrent Chain or BTTC, which aims to be much more than just a quick way to download some files.
Bittorrent Token Price Prediction 2022: The rise of BTTC
BTTC bills itself as “world’s first heterogenous cross-chain interoperability protocol”, which may be a bit of a mouthful, but the underlying idea is simple yet smart.
At one point in history, cryptocurrency might have been synonymous with Bitcoin, but that hasn’t been the case for years. There’s plenty of variety these days, with a number of popular public chains, such as Ethereum, Binance Smart Chain or BSC and, of course, TRON.
There’s no doubt that this competition is a good thing: new ideas get tested and new proposals are implemented, driving development further. New networks successfully address many of the issues facing the older networks, such as scalability or energy consumption. Once successful, these newer proposals may even be adopted by the older and more established protocols. For example, Ethereum is now working on switching to the more efficient Proof-of-Stake consensus mechanism first proposed by other networks.
That’s great, but there’s one increasingly pressing issue: interoperability. More networks mean more interesting DeFi projects and decentralized apps (dApps), but it also means these projects only work on their own network. It’s a bit like the ongoing war of streaming services: you may already have a subscription but you still need to get another if you’re interested in one particular show.
And that’s where BTTC steps in. It aims to ensure interoperability between different chains, allowing them to exchange data and perform cross-chain transfers. At launch, it connects Ethereum, BSC and TRON; its stated aim is to connect all networks.
When successfully implemented, this may amount to a major paradigm shift in the crypto world. Different blockchains no longer have to compete with each other; instead, a user can be network-agnostic and focus on the dApps they like, rather than on the networks hosting them.
And, as you may have guessed by now, BTT is to play a major role in the BTTC network. Now that is bound to have some impact on future Bittorent Token value!
Bittorrent Token Price Prediction 2023: major moves ahead
It seems like developers are anticipating a major increase in demand, as BTT is undergoing redenomination while maintaining its current market cap. Old BTT tokens will be automatically exchanged for new tokens in a ratio of 1:1000, that is, a thousand new tokens for one old token. The old tokens are renamed BTTOLD, whereas the new ones will remain BTT.
The total supply of tokens will also be increased by a factor of 1000. So, if you see some sudden price drops or spikes, don’t panic: BTT isn’t necessarily becoming less valuable, there’s just more of them.
The price shifts just show the ongoing redenomination, not sudden drops in value
Why the shift?
The math is simple: Bittorrent has been around for ages, and it has picked up quite a user base along the way. According to Bittorrent itself, it has no less than 90 million active users; its total number of installed clients stands at 2 billion.
The old tokens or BTTOLD had a fixed total supply of 990 billion which works out to 11000 tokens per active user. If you look at the installed base, the number is less than 500 tokens per client.
Now, Bitcoin has clearly shown that a successful crypto is still possible even if the amounts most users deal with are firmly behind the decimal point. Still, few would argue that 49 is an easier amount to work with than 0.049. Moreover, Bittorrent seems to anticipate increased demand for BTT once BTTC takes off. Therefore, it has decided to redenominate them so that there’s more BTT to go around.
Bittorrent Token Price Prediction 2025: watch BTTC
When making Bittorrent token price prediction for 2022, 2023, and beyond, it’s a good idea to keep BTTC in mind. Indeed, BTT is set to become much more than just a way to say thanks for sharing some files.
BTT is the native token of BTTC, and its role is much like what you’d expect from a native token. As BTTC uses the proof-of-stake mechanism, BTT holders can become transaction validators on the network and stake their BTT to earn passive income. They can also pay for the blockchain fees in BTT. Finally, it is used as a governance token.
BTTC is currently undergoing very active development, and it is launching in 2022. As the BTTC mainnet goes live, it is bound to attract media attention. And, as many cryptos have shown, positive exposure often translates into impressive price spikes.
One more thing: BTFS
Remember how we said that file sharing may reinvent itself as a means of decentralized cloud storage and distribution? This is another thing Bittorrent is working on.
Bittorrent File System or BTFS is a decentralized app for storing and distributing files. It is an open source project, meaning that anyone can integrate it in their own projects.
It is currently operating on the TRON network. As BTTC becomes operational, it will connect to it and take advantage of its cross-chain interoperability; that is, it will be accessible from other networks as well.
Some estimates from the best Bittorrent Token price prediction tools
Now that we know some things about BTT, let’s consider some BTT price predictions.
BTT entered the crypto world with a bang. As Bittorrent Token price history shows, its price exploded in early 2021, soaring by about 4800%. The correction, however, has also been swift: it is now trading about 75-80% down from its all-time high.
Is this a great buying opportunity – or is the price set to decline further?
Now, this is a good opportunity to remind you that we do not provide any investment advice and all decisions are up to you. And indeed, signals are mixed. Here’s what some popular crypto analysts have to say
- The machine-learning crypto price prediction site Wallet Investor is bullish on long-term price predictions, estimating a five-fold increase over the next five years.
- Another AI crypto price prediction website Price Prediction is even more bullish: its Bittorrent Token price prediction 2025 stands at USD 0.024, which is ten times the current price.
- On the other hand, Digital Coin predicts a slower increase: 0.0055 by 2025. This would put it below its 2021 all-time high.
Digital Coin predicts BTT may reach another all-time high by the end of the decade. Source: Digital Coin
With estimates all over the place, which one should you trust?
As always, we come back to the first rule of crypto: do your own research. We hope that this blog post serves as a good introduction to BTT. You may also check out other great research tools available at Paybis, such as our handy Bittorrent Token calculator. Ultimately, however, it is your decision.
Summing it all up
Let’s try putting it all together. All things considered: what to make of BTT?
The fundamentals look solid. Here are just some things that BTT has going for it:
- an experienced team of developers;
- a solid user base;
- notable brand awareness;
- promising projects such as BTTC and BTFS.
Early 2022 will be an important time for BTT. Several major updates are about to go live. There’s the launch of BTTC, the integration of BTFS and the redenomination, just to name a few. With an all-star team and the strong Bittorrent brand behind it, BTT is the perfect candidate for catchy media headlines – which, in turn, can translate into price spikes.
This strongly suggests BTT may see some bumpy price action in the near future, which may provide plenty of opportunities for those who prefer a more active trading style.
Bittorrent Token price predictions 2025, as noted, vary a great deal. They all, however, are bullish.
So the bottom line is – the decision, as always, is up to you. Still, if you’re looking for a token with strong potential and solid fundamentals – BTT is definitely worth your attention.
How much BTT will be worth in 2025?
The estimates vary a lot. Depending on the source, they can be as high as USD 0.024 and as low as 0.0055. It is probably best to take any such estimates with a grain of salt.
All the estimates, however, predict a price increase, which is further supported by Bittorrent Token’s strong fundamentals.
Can BTT hit USD 1?
This admittedly is a long shot, given that its all-time high stands at USD 0.01. Moreover, any attempts to predict certain price points by certain dates come with their own problems.
Instead, consider the fundamentals of Bittorrent Token. They look solid, which means the token has good potential for growth.
Is Bittorrent Token a good investment?
It depends on what you expect from your investments. Broadly speaking, the potential return on investment is directly proportional to its risk, and crypto is seen as an inherently riskier asset class.
On the other hand, all risks should be considered in their context. In comparison with other cryptos, Bittorrent Token has several strong points, such as its team and ongoing projects. If you’re comfortable with investing in crypto, Bittorrent Token is worth a closer look.
Is Bittorrent Token a file sharing token?
In a way yes, but it’s also more than that. BTT does provide a way to reward the users of Bittorrent file sharing protocol. Still, its main price spikes have been in response to its ambitious Bittorent Chain project or BTTC. Therefore, it’s probably better to think of Bittorrent Token as the native token of Bittorrent Chain.
Will Bittorrent Token collapse?
There is no reason why it should. It is backed by some of the biggest names in crypto, it has strong ongoing projects, and it has a powerful brand. Of course, the crypto market is renowned for its volatility, so it’s a good idea to adopt a long-term perspective.